Gaon Cable Signs 60 Billion Won Bus Duct Supply Deal with Global Electric Vehicle Company

Supplying Bus Ducts Worth Approximately 40 Million Dollars to AI Data Centers

Gaon Cable has entered the global electric vehicle supply chain and secured its first project.

On June 26, Gaon Cable announced that its U.S. subsidiary, LSCUS, will supply bus ducts worth approximately 40 million dollars (about 60 billion won) to the artificial intelligence (AI) data center of a global electric vehicle company.

Exterior view of Gaon Cable's U.S. production subsidiary LSCUS. Gaon Cable

Previously, LSCUS secured long-term supply contracts worth over 5 trillion won with global big tech companies. With this new supply deal, LSCUS will further expand its customer base.

Bus ducts are power distribution systems that deliver electricity to each server and rack within a data center and are often referred to as the "arteries" of AI data centers. They are considered a core infrastructure alongside semiconductors and cooling equipment, and their importance increases as power density rises.

In particular, the power infrastructure market for AI data centers has high entry barriers due to rigorous quality verification requirements. The company explained that LSCUS is emerging as one of the "Big Five" suppliers in the global bus duct market, which has traditionally been led by European power equipment manufacturers.

Hyun Jung, CEO of Gaon Cable, said, "We are discussing additional supplies with this client, and we expect the total supply volume to exceed 100 million dollars this year. Driven by expanded exports to the U.S. and increased revenue from AI data centers, we also anticipate achieving record-high performance this year."

Gaon Cable is the only company in the world that supplies both transmission cables and distribution bus ducts, and it is strengthening its approach to the U.S. AI data center power infrastructure market.

This content was produced with the assistance of AI translation services.